Usd/cad Price Analysis: 100-hma Defends Bulls Inside Nearby Trading Range Below 1.3000
2022, 17 June - Forex
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NZD/USD
Technical Outlook
NZD/USD is putting strong pressure on support at 0.6270. If the price
fell below the mentioned level, there is support placed around 0.6210.
There is resistance at 0.6350 and 0.6410. All technical indicators
signifies mild bullishness in the spot.
| Technical Indicators | Action |
| RSI (51) | BUY |
| Oscillator (51) | BUY |
| MACD (Below Midline) | SELL |
| 200 EMA (0.6593) | SELL |
Strategy
| Scenario 1 | Scenario 2 | |
| Action | BUY | BUY |
| Entry | 0.6230 | 0.6240 |
| Target 1 | 0.6260 | 0.6270 |
Target 2 | 0.6290 | 0.6300 |
| Stop Loss | 0.6200 | 0.6210 |
Key Signposts
NZD: Employment data
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- share
- share
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